The Handbag Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Handbag Market?
The global handbag market has seen substantial growth in recent years. The market size was valued at $63.07 billion in 2024, and it is projected to increase to $67.94 billion in 2025. The compound annual growth rate (CAGR) during this period is expected to be 7.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Handbag Industry?
The Handbag Global Market Report 2025 projects that by 2029, the handbag market will reach a size of $86.28 billion, growing at a compound annual growth rate (CAGR) of 6.2%.
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What are the Key Growth Drivers Fueling the Handbag Market?
The key drivers in the handbag market are:
• Rise in sustainability and ethical practices in handbag manufacturing
• Growth of secondhand and vintage handbag markets
• Increase in customization and personalization options for handbags
• Cross-industry collaborations and globalization of fashion trends
Global Market Segmentation: Identifying Major Handbag Industry Segments
The handbag market covered in this report is segmented –
1) By Product Type: Satchels, Clutches, Tote Bags, Bucket Bags
2) By Material: Leather, Fabric, Synthetic
3) By Distribution Channel: Online, Offline
4) By End User Analysis: Men Segment, Women Segment
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What are the Emerging Trends Shaping the Future of the Handbag Market?
The key trends in the handbag market are:
• Sustainable and ethical practices are a significant emerging trend in the handbag market.
• The rise of secondhand and vintage markets is shaping the future of the industry.
• A move towards customization and personalization of products is a notable emerging trend.
• Cross-industry collaborations are becoming a key trend in the global handbag market.
Who Are the Top Competitors & Leading Players in the Handbag Market?
Major companies in the handbag market are:
• VIP Industries Ltd.
• Louis Vuitton Malletier
• H and M Hennes and Mauritz GBC AB
• Chanel Ltd.
• Hermès International S.A
• Fendi
• Guccio Gucci S.p.A
• Coach IP Holdings LLC
• Tapestry, Inc.
• Victorias Secret and Co
• Prada S.p.A
• Michael Kors
• Burberry
• Calvin Klein Inc.
• ALDO Group Inc.
• Fossil Group Inc.
• Kate Spade
• Zouk
• Ted Baker
• Loewe (LVMH)
• Zadig & Voltaire
• BAGGIT
• Tumi (Samsonite)
• Anya Hindmarch
• Lino Perros
• Da Milano Leathers Pvt. Ltd.
• Aranyani
• Deeya International
• MCM Worldwide
• Proenza Schouler
Regional Dominance: Which Area Leads the Global Handbag Market?
North America was the largest region in the handbag market in 2024
